Richa Info Systems Limited — Board Meeting, 24-03-2025: Outcome of Board Meeting

The Board has announced a board meeting outcome where it approved the allotment of 17,99,000 equity shares through the conversion of the same number of fully convertible equity warrants at an issue price of ₹87 each. The shares were allotted to non-promoters: Shruti Singhvi (6,00,000 shares), Nishtha Jain (6,00,000 shares), and Saloni Jain (5,99,000 shares). Following this allotment, the paid-up equity share capital increased from ₹8.53 Cr to ₹10.33 Cr, with the total number of equity shares now totaling 1,03,28,000. The company indicated that the remaining 73,00,000 warrants will be converted within 18 months.